Market Outlook - 10th Aug 2016

Indian markets are likely to open in flat tracking SGX Nifty and Global markets..
After seeing strong gains on Friday the US markets remained lackluster on Tuesday
and ended the day flat. Lack of new economic data and triggers kept traders and
investors away for the day.
The European markets gained on Tuesday led by energy stocks. The OPEC is likely
to hold talks in September in an effort to limit productions and this seems to have
played a positive role.
The Indian markets remained under of pressure on Tuesday as market participants
wanted to know the outcome of RBI’s monetary policy outcome. While a good
monsoon had led to some expectations of lowering of interest rates by RBI
increasing trend of CPI inflation which still remains a concern and hence RBI left the
key policy rates unchanged. As a result the markets saw some selling and ended the
day in red.